MBS have recovered some of yesterday’s losses ahead of today’s Fed announcement. The Dow is down 10 points. No economic data will be released today. The Fed announcement will come out around 2:00 et, and the press conference will begin around 2:30 et. Investors will be looking for indications about when the Fed will begin to raise rates and will be interested in the latest forecasts from Fed officials.
Southwest Florida, Fort Myers, Naples
Jim Marcinkowski Photo